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20121009
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. there are also new taxes going into effect as part of the cliff from the health care law. so it's a whole potpourri of stuff that's whacking you. >> not only the amounts but now how you make your money, right? wages and interest income, that goes up about 5%. capital gains goes up 7%. dividends that goes up 20%. so this is going to discourage people from investing in the markets if are going to be taxed like all this? >> i don't know. there is an argument that people could be discouraged from vesting. that's an argument that republicans are making. but there's also an argument you could see a huge pullout from the market as people try to take advantage of the lower rates before they go up. so i think the scarier part of it is, do people just sell in december and november anticipating that they'd better take their profits now when they can get the lower rate. >> can i ask you, why didn't congress stick around to try to get this worked out? >> they can't. that's what the election is about. while we're talking about the fiscal cliff, i prefer the more evocative term taxmageddon. we're having
Search Results 0 to 1 of about 2 (some duplicates have been removed)